---
title: "Sharda Solvent Ltd (530679) — Share Price, Financials & Analysis"
symbol: "530679"
company: "Sharda Solvent Ltd"
canonical: "https://tapetide.com/stocks/530679"
bse_code: "530679"
generated_at: "2026-10-13T11:01:20.379Z"
---

# Sharda Solvent Ltd (530679)

Canonical page: https://tapetide.com/stocks/530679

## Company

- **BSE Code:** 530679
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -60.1% over past five years.
- Company has a low return on equity of 4.07% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 5,026 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -116% | — | — |
| revenue growth | 9% | -71% | -60% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2461 | 2478 | 1883 | 2134 | 2485 | 2030 | 1394 | 1694 | 2276 | 1988 | 1602 | 2308 |
| Expenses | 1791 | 1871 | 1416 | 1626 | 1945 | 1662 | 1041 | 1325 | 1730 | 1590 | 1215 | 1840 |
| Operating Profit | 670 | 607 | 467 | 508 | 540 | 368 | 353 | 370 | 545 | 398 | 387 | 468 |
| OPM % | 27 | 25 | 25 | 24 | 22 | 18 | 25 | 22 | 24 | 20 | 24 | 20 |
| Other Income | 31 | 21 | 26 | 25 | 343 | 20 | 82 | 154 | 136 | 92 | 50 | 91 |
| Interest | 121 | 137 | 145 | 155 | 128 | 103 | 112 | 113 | 121 | 117 | 126 | 153 |
| Depreciation | 59 | 60 | 62 | 61 | 61 | 63 | 63 | 61 | 57 | 52 | 51 | 49 |
| Profit before tax | 521 | 432 | 287 | 316 | 694 | 222 | 260 | 350 | 504 | 321 | 260 | 356 |
| Tax % | 25 | 28 | 24 | 23 | 20 | 30 | 26 | 25 | 20 | 24 | 27 | 27 |
| Net Profit | 390 | 310 | 217 | 243 | 553 | 156 | 194 | 263 | 403 | 244 | 190 | 259 |
| EPS in Rs | 40.3 | 32.05 | 22.46 | 25.1 | 57.29 | 16.08 | 19.98 | 27.05 | 41.75 | 25.23 | 19.91 | 26.79 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 412.08 | 424.45 | 1185.29 | 1251.87 | 544.19 | 567.28 | 11.66 | 12.68 |
| Expenses | 412.94 | 414.22 | 1125.5 | 1196.6 | 544.63 | 567.19 | 14.64 | 15.27 |
| Operating Profit | -0.86 | 10.23 | 59.79 | 55.27 | -0.44 | 0.09 | -2.98 | -2.59 |
| OPM % | -0.21 | 2.41 | 5.04 | 4.41 | -0.08 | 0.02 | -25.56 | -20.43 |
| Other Income | 10 | 0.79 | 9.83 | 25.24 | 1.18 | 0.65 | 0.07 | 0.1 |
| Interest | 4.72 | 5.87 | 42.61 | 61.69 | 0 | 0 | 0 | 0 |
| Depreciation | 1.93 | 1.95 | 7.52 | 9.69 | 0.59 | 0.59 | 0.76 | 0.73 |
| Profit before tax | 2.49 | 3.2 | 19.49 | 9.13 | 0.15 | 0.15 | -3.67 | -3.22 |
| Tax % | 12.85 | 35.62 | 47.2 | 47.97 | 6.67 | 120 | -638.42 | 0 |
| Net Profit | 2.17 | 2.06 | 10.29 | 4.75 | 0.14 | -0.02 | 19.76 | -3.22 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.05 | 5.05 | 5.05 | 5.05 | 5.55 | 5.55 | 5.55 | 5.55 |
| Reserves | 17.26 | 19.31 | 109.9 | 114.65 | 120.38 | 120.36 | 139.95 | 136.73 |
| Borrowings | 64.56 | 88.42 | 410.05 | 443.96 | 216.49 | 186.79 | 255 | 251.4 |
| Other Liabilities | 22.83 | 21.41 | 189.06 | 276.86 | 179.27 | 124.37 | 94.83 | 90.49 |
| Total Liabilities | 109.7 | 134.19 | 714.06 | 840.52 | 521.69 | 437.07 | 495.33 | 484.17 |
| Fixed Assets | 24.66 | 23.4 | 140.38 | 166.7 | 3.41 | 2.83 | 1.9 | 1.17 |
| CWIP | 0 | 0 | 28.16 | 0.3 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 7 |
| Other Assets | 85.04 | 110.79 | 545.5 | 673.52 | 518.28 | 434.24 | 493.43 | 476 |
| Total Assets | 109.7 | 134.19 | 714.06 | 840.52 | 521.69 | 437.07 | 495.33 | 484.17 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 36.91 | 44.97 | 12.46 | 0.36 | -70.05 | 10.44 |
| Cash from Investing Activity | — | — | -50.38 | -8.13 | 4.98 | 0.65 | 0.07 | -6.9 |
| Cash from Financing Activity | — | — | 6.48 | -26.45 | 11.85 | -29.7 | 68.21 | -3.6 |
| Net Cash Flow | — | — | -6.99 | 10.39 | 29.29 | -28.69 | -1.77 | -0.05 |
| Free Cash Flow | — | — | -13.47 | 36.82 | 12.51 | 0.36 | -70.05 | 10.44 |
| CFO/OP | — | — | 63 | 83 | -2834 | 400 | 2351 | -403 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 28.76 | 34.84 | 114.68 | 124.68 | 168.79 | 110.26 | 6822.62 | 5025.66 |
| Inventory Days | 40.51 | 51.8 | 36.66 | 58.73 | 144.03 | 157.34 | 8698.49 | 8001.38 |
| Days Payable | 15.88 | 14.35 | 56.75 | 79.06 | 37.54 | 4.9 | 236.54 | 602.19 |
| Cash Conversion Cycle | 53.39 | 72.28 | 94.59 | 104.35 | 275.28 | 262.7 | 15284.57 | 12424.84 |
| Working Capital Days | 58.05 | 77.39 | 108.22 | 112.43 | 269.18 | 260.97 | 14811.93 | 12714.55 |
| ROCE % | — | 9.09 | — | 12.94 | — | 0.05 | -1.03 | -0.81 |

## Shareholding Pattern

### annual

| Category | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 86.54% | 79.74% | 74.74% | 74.7% | 74.69% |
| FIIs | 0.27% | 0.49% | 0.76% | 2.84% | 2.66% |
| DIIs | 9.78% | 16.17% | 20.61% | 19.17% | 19.53% |
| Public | 3.41% | 3.6% | 3.9% | 3.29% | 3.12% |
| No. of Shareholders | 75811 | 68832 | 68620 | 66163 | 60851 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 79.74% | 79.74% | 79.74% | 79.74% | 74.74% | 74.74% | 74.71% | 74.7% | 74.7% | 74.7% | 74.69% | 74.69% |
| FIIs | 0.49% | 0.59% | 0.68% | 0.57% | 0.76% | 1.4% | 2.07% | 2.54% | 2.84% | 2.88% | 2.85% | 2.66% |
| DIIs | 16.17% | 16.14% | 15.88% | 15.86% | 20.61% | 20.5% | 20.12% | 19.77% | 19.17% | 19.28% | 19.41% | 19.53% |
| Public | 3.6% | 3.52% | 3.69% | 3.82% | 3.9% | 3.36% | 3.09% | 2.97% | 3.29% | 3.14% | 3.05% | 3.12% |
| No. of Shareholders | 68832 | 67297 | 66992 | 68536 | 68620 | 66945 | 64262 | 62035 | 66163 | 64119 | 61914 | 60851 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 3 / 13

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 35.28 | Sell |
| EMA (10) | 35.15 | Sell |
| SMA (20) | 36.56 | Sell |
| EMA (20) | 36.42 | Sell |
| SMA (50) | 40.95 | Sell |
| EMA (50) | 39.46 | Sell |
| SMA (100) | 42.75 | Sell |
| EMA (100) | 43.3 | Sell |
| SMA (200) | 50.79 | Sell |
| EMA (200) | 52.17 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 28.93 | Buy |
| MACD (12,26,9) | -1.73 | Sell |
| Stochastic (14,3,3) | 14.28 | Buy |
| ADX (14) | 37.4 | Buy |
| Williams %R (14) | -73.89 | Neutral |
| ATR (14) | 1.17 | High Volatility |
| ROC (12) | -6.19 | Sell |
| Stoch RSI (14) | 82.77 | Sell |
| UO (7,14,28) | 38.46 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/faa57f75-9409-425c-b680-6dfa8f7fd473.pdf) |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e1f6033-77df-43e1-9021-67336c78c0a9.pdf) |
| 2026-02-17 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c937bdd1-ccf1-4301-a658-359be5813f03.pdf) |
| 2026-02-13 | [Corporate Action-Board approves Dividend](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8287908-2c50-4cc3-8736-3e933c6d11dd.pdf) |
| 2026-02-13 | [Outcome Of The Board Meeting Including Declaration Of Interim Dividend And Approval Of The Non- Binding Counter Offer Received From Indus Infra Trust.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51d6a29f-4f5a-41e0-a3ca-fd6115075658.pdf) |
| 2026-02-13 | [Board Meeting Outcome for Outcome Of The Board Meeting.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/70355ab2-98a1-43a6-b22a-1842c3805067.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/579d67c9-dda4-4d14-9e99-280657b20ed9.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/105476bb-1dce-4c53-9d37-43af068b7532.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f18fc93-a101-421f-8bda-ea45a970a179.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/543317/73991543317_09_08_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/543317/70543543317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d605984-c745-4e47-a9ee-da9743b91747.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da5b0c0c-5f2b-4aed-9df3-4fc112536e9e.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d089456e-48f5-4b1d-be84-12481cafdfa3.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c512a379-9f99-47e4-81bb-4691840854b6.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3624bbb9-47d0-4fbf-a8f4-25ee88fe9f31.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3eea7ad0-6072-4b57-aa5e-af8d91033f3e.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9973a5a7-f9e6-4de7-8cc2-b8861fb2fb13.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f16d6d0-4f9b-4b0d-a287-169deffbd4ea.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fae66ebd-d0d0-4e1b-8564-69fcabeb7dc0.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a0a5966-ebed-4524-ac4d-5d0a2b824a36.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-01-05 | Credit rating update — CARE Ratings |
| 2025-11-06 | Credit rating update — CRISIL |
| 2025-05-22 | Credit rating update — CRISIL |
| 2025-01-06 | Credit rating update — CARE Ratings |
| 2024-05-27 | Credit rating update — CARE Ratings |
| 2024-05-24 | Credit rating update — CRISIL |
| 2019-03-12 | Credit rating update — Brickwork Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:20.379Z.